DoorDash, Inc. (NASDAQ:DASH) Shares Purchased by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. boosted its position in shares of DoorDash, Inc. (NASDAQ:DASH - Free Report) by 21.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,943 shares of the company's stock after acquiring an additional 3,694 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in DoorDash were worth $3,828,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Interchange Capital Partners LLC purchased a new position in DoorDash during the 1st quarter valued at about $343,000. Crossmark Global Holdings Inc. grew its holdings in shares of DoorDash by 144.9% in the first quarter. Crossmark Global Holdings Inc. now owns 5,050 shares of the company's stock valued at $923,000 after purchasing an additional 2,988 shares in the last quarter. Raleigh Capital Management Inc. grew its holdings in shares of DoorDash by 974.3% in the first quarter. Raleigh Capital Management Inc. now owns 376 shares of the company's stock valued at $69,000 after purchasing an additional 341 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of DoorDash by 14.4% in the first quarter. Envestnet Asset Management Inc. now owns 105,272 shares of the company's stock valued at $19,241,000 after purchasing an additional 13,260 shares in the last quarter. Finally, Penserra Capital Management LLC grew its holdings in shares of DoorDash by 5.4% in the first quarter. Penserra Capital Management LLC now owns 29,609 shares of the company's stock valued at $5,410,000 after purchasing an additional 1,514 shares in the last quarter. 90.64% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Andy Fang sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $217.52, for a total value of $6,525,600.00. Following the transaction, the director owned 22,545 shares of the company's stock, valued at approximately $4,903,988.40. The trade was a 57.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Ravi Inukonda sold 20,000 shares of the company's stock in a transaction on Monday, June 30th. The stock was sold at an average price of $247.00, for a total value of $4,940,000.00. Following the transaction, the chief financial officer directly owned 245,530 shares in the company, valued at $60,645,910. This represents a 7.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 427,781 shares of company stock valued at $94,277,848. 5.83% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Needham & Company LLC lifted their price objective on shares of DoorDash from $225.00 to $230.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. BMO Capital Markets restated an "outperform" rating on shares of DoorDash in a report on Tuesday, April 29th. JMP Securities lifted their price objective on shares of DoorDash from $225.00 to $235.00 and gave the company a "market outperform" rating in a report on Thursday, June 12th. KeyCorp decreased their price objective on DoorDash from $240.00 to $230.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $260.00 price objective (up previously from $210.00) on shares of DoorDash in a research note on Wednesday, June 25th. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $220.53.

DoorDash Stock Up 1.9%

DASH traded up $4.59 during trading on Wednesday, hitting $246.06. 2,763,159 shares of the stock were exchanged, compared to its average volume of 4,247,125. The firm has a market capitalization of $104.27 billion, a P/E ratio of 319.56 and a beta of 1.70. DoorDash, Inc. has a 1-year low of $99.32 and a 1-year high of $248.74. The stock has a fifty day moving average price of $215.21 and a two-hundred day moving average price of $195.10.

DoorDash (NASDAQ:DASH - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.05. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.10 billion. DoorDash had a return on equity of 4.39% and a net margin of 3.02%. The company's revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.06) earnings per share. Analysts predict that DoorDash, Inc. will post 2.22 EPS for the current year.

DoorDash Company Profile

DoorDash, Inc, together with its subsidiaries, operates a commerce platform that connects merchants, consumers, and independent contractors in the United States and internationally. The company operates DoorDash Marketplace and Wolt Marketplace, which provide various services, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support.